Strategic Partnership to Co-develop WEB 3.0 Smart Mobility Platform Bloom Technology, a developer of the next-generation public blockchain mainnet “Locus Chain,” announced on the 17th that it has signed a strategic partnership with Myungshin, a consignment producer of automotive parts and electric vehicles, to enter the smart mobility business. Through…

Locus Chain’s commercial service version of GameChain, a blockchain tailored specifically to online games to reduce server costs, has been successfully integrated into the online game. Seoul, South Korea — (Newsfile Corp. — December 5, 2022) — Bloom Technology, the developer of the next-generation blockchain platform Locus Chain, will launch…

Locus Chain is a distributed data-storing system where the participators can freely add data. Recently, the company has made new recruitment by hiring Nimrod Lehavi, a former CEO of Simplex, as an advisor. Seoul, South Korea — (Newsfile Corp. — November 3, 2022) — Locus Chain is a public blockchain…

The Korean masterpiece game ‘Kingdom Under Fire’ is back through the US game platform STEAM. It was suspended in 2008 due to the burden of operating the server. But as the server is no longer needed with blockchain technology, it can be re-released as the world’s first Web 3.0-based …

The Korea Blockchain Association announced on the 19th that it will approve the new membership of Bloom Technology and Dream Leaders, which are blockchain platform developers, and appoint Sang-yoon Lee, CEO of Bloom Technology, as vice chairman. Phantagram, founded in 1994 by Sang-yoon Lee, a first-generation member of the Korean…

Locus Chain Key System Similar to many other blockchain platforms, each account of Locus Chain is related to a pair of public and secret key supplied by a user. Generally, users have to securely manage their secret key. In Locus Chain, there are three kinds of cryptographic keys related to an account. …

Professor Ji-hoon Jeong, a future strategist and IT convergence expert, joined the “Locus Chain” project as an advisor Expectations for positive synergy between NFT and metaverse platforms based on high-performance public blockchain Locus Chain Bloom Technology, which is developing a next-generation blockchain platform Locus Chain that simultaneously solves Decentralization, Scalability…

Sharded ledger and Message-passing smart contract The ledger of the Locus Chain is divided by Shards. Because of the sharding, nodes in a shard have no information regarding other shards; nodes cannot verify the legitimacy of message transactions from other shards by themselves. In Locus Chain, there are mechanisms for handling this limitation. …

Locus Chain implements several technical breakthroughs that enable high-capacity transaction processing on decent machines of limited network bandwidth, data storage, and low computing powers. Our Dynamic Sharding Technology reduces required network bandwidth and computing energy consumption, even suitable for lightweight IoT devices. Our Verifiable Pruning Technology saves data storage requirements…